Further Amendments to the Prospectus Directive and Transparency Directive now in force

Today (4 January 2011) sees the coming into force of significant further amendments to the Prospectus Directive and Transparency Directive.

These follow on from the coming into force on 31 December 2010 of important amendments to the Prospectus Directive and Transparency Directive .

Directive 2010/78/EU of the European Parliament and of the Council of 24 November 2010 was published in the Official Journal of the European Union on 15 December 2010, and, under Article 5, it has entered into force on the 20th day following its publication in the OJ.

The full title of this Directive is "Directive 2010/78/EU of the European Parliament and of the Council of 24 November 2010 amending Directives 98/26/EC, 2002/87/EC, 2003/6/EC, 2003/41/EC, 2003/71/EC, 2004/39/EC, 2004/109/EC, 2005/60/EC, 2006/48/EC, 2006/49/EC and 2009/65/EC in respect of the powers of the European Supervisory Authority (European Banking Authority), the European Supervisory Authority (European Insurance and Occupational Pensions Authority) and the European Supervisory Authority (European Securities and Markets Authority) Text with EEA relevance."

London: 04/01/2011, 09.00 UK Time